$0.26 EPS Expected for FormFactor, Inc. (NASDAQ:FORM) This Quarter

Brokerages expect FormFactor, Inc. (NASDAQ:FORM) to post $0.26 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for FormFactor’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.26. FormFactor reported earnings per share of $0.31 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.1%. The company is expected to issue its next quarterly earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that FormFactor will report full-year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.89 to $0.90. For the next fiscal year, analysts expect that the business will report earnings of $1.04 per share, with EPS estimates ranging from $0.95 to $1.10. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for FormFactor.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $140.60 million during the quarter, compared to the consensus estimate of $140.54 million. FormFactor had a net margin of 19.18% and a return on equity of 8.82%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share.

A number of research analysts have issued reports on FORM shares. B. Riley began coverage on FormFactor in a research report on Friday, November 22nd. They issued a “buy” rating and a $26.00 target price on the stock. BidaskClub upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 5th. Needham & Company LLC lifted their price target on shares of FormFactor from $19.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus set a $24.00 price target on shares of FormFactor and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $21.50.

In other news, CEO Mike Slessor sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.62, for a total value of $565,500.00. Following the transaction, the chief executive officer now owns 376,599 shares in the company, valued at approximately $8,518,669.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis Thomas St sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $22.68, for a total value of $113,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,176 shares of company stock valued at $1,796,780. 1.88% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund lifted its holdings in FormFactor by 1.1% during the third quarter. Texas Permanent School Fund now owns 51,174 shares of the semiconductor company’s stock worth $954,000 after acquiring an additional 558 shares during the period. Mason Street Advisors LLC increased its position in shares of FormFactor by 2.5% during the 3rd quarter. Mason Street Advisors LLC now owns 25,529 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 634 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of FormFactor by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 115,691 shares of the semiconductor company’s stock worth $1,813,000 after buying an additional 799 shares during the last quarter. Flinton Capital Management LLC raised its position in FormFactor by 10.7% in the second quarter. Flinton Capital Management LLC now owns 9,568 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 928 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in FormFactor by 6.2% in the third quarter. Pacer Advisors Inc. now owns 16,258 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 951 shares during the last quarter. 92.94% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FORM opened at $23.24 on Friday. The stock’s 50-day simple moving average is $22.26 and its 200 day simple moving average is $18.11. The firm has a market capitalization of $1.76 billion, a PE ratio of 30.18 and a beta of 1.73. The company has a quick ratio of 2.14, a current ratio of 2.75 and a debt-to-equity ratio of 0.05. FormFactor has a twelve month low of $12.72 and a twelve month high of $23.56.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

Recommended Story: What is a growth and income fund?

Get a free copy of the Zacks research report on FormFactor (FORM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FormFactor (NASDAQ:FORM)

Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.